Create an Account

Already have account?

Forgot Your Password ?

Home / Questions / LAC is given as Q LMC is given as 20 Find individual firm's production when it is

LAC is given as Q LMC is given as 20 Find individual firm's production when it is

LAC is given as Q +LMC is given as 20. (a) Find individual firm's production when it is long term equilibrium. (b) When market demand is Q 5000 100P, find market equilibrium quantity and number of firms. 24- P and the cost function is given as C 20, find competitive 2. When market demand is given as Q market equilibrium and monopoly market equilibrium.(MR curve for the demand is MR 24-20.) 3. Samsung has two cellphone factories, one in the U.S. and the other in Korea. Marginal cost function for each factories are given like this. MCus = Qus, MCKor =QKor. The worldwide demand for Samsung cellphone is given as P 100-Q.(Q = Qus +Q Kor) (a) How many cellphones are produced in the U.S. factory and how many cellphones are produced in Korea factory? (b) What is the market price for Samsung Cellphone? (c) What is the profit of Samsung?

Feb 01 2020 View more View Less

Answer (UnSolved)

question Get Solution

Related Questions